Art dealer Martin Zimet lists UES townhouse for $40M

Built in 1941, the "Sherman M. Fairchild Mansion" spans 9,440 square feet

New York /
Jan.January 26, 2017 11:30 AM

Art dealer Martin Zimet — a purveyor of Renaissance art — is looking to sell something a bit more contemporary: his postmodern mansion on the Upper East Side.

Known as the Sherman M. Fairchild Mansion, the five-story town home hit the market asking $40 million. Located at 17 East 65th Street between Fifth and Madison avenues, it’s currently home to Zimet’s dealership, French & Company LLC, and serves as Zimet’s residence.

Designed by architects George Nelson and William Hamby, 17 East 65th was built in 1941 and named after the founder of Fairchild Aviation. Measuring 25 feet and spanning 9,440 square feet, it’s priced at $4,237 per square foot.

“We’re putting it on the market because it doesn’t have an elevator,” said Zimet, 86, who moved into the house in 1970.

“There are no secrets, there are no problems. There’s no mortgage on the house and never has been,” said Zimet, who said he could not recall what he paid for the property. “It was a long time ago.”

The mansion has been on and off the market since 2014, with a series of brokers including Douglas Elliman’s TRData LogoTINY Jared Seligman and Paula Del Nunzio of Brown Harris Stevens.

The Corcoran Group’s Leighton Candler and Randy Baruh now have the listing.

The house has five bedrooms and a fifth-floor loft with a vaulted ceiling. Its most distinctive feature are a series of ramps connecting the floors of a four-story great room, capped by a skylight encompassing almost the entire roof.


Related Articles

arrow_forward_ios
Clockwise from left: John D. Rockefeller, Izzy Englander, Steven Mnuchin, David Koch, Jacqueline Bouvier, and William Zeckendorf (Credit: Getty Images and StreetEasy)
For 15 years, David Koch lived at the world’s “richest building”
For 15 years, David Koch lived at the world’s “richest building”
Midwood's John Usdan and 150 East 78th Street (Midwood Investment & Development)
Midwood sells $33M penthouse at UES condo project
Midwood sells $33M penthouse at UES condo project
Ivana Trump with 10 East 64th Street (Google Maps, Getty)
Ivana Trump’s longtime UES townhouse listed for $26M
Ivana Trump’s longtime UES townhouse listed for $26M
Quay Tower at 50 Bridge Park Drive in Brooklyn Heights and 122 Congress Street in Cobble Hill (StreetEasy, Google Maps)
Quay Tower tops Brooklyn luxury contracts once more
Quay Tower tops Brooklyn luxury contracts once more
Eliot Spitzer with 985 Fifth Avenue (Getty)
Eliot Spitzer plans high-end condo on Fifth Ave
Eliot Spitzer plans high-end condo on Fifth Ave
153 Columbia Heights and 50 Bridge Park Drive #15B in Brooklyn (Zillow, Streeteasy, Getty)
No Halloween scares as $11M townhouse leads Brooklyn luxury market
No Halloween scares as $11M townhouse leads Brooklyn luxury market
A photo illustration of 15 Willow Street in Brooklyn Heights (Getty, Google Maps)
Brooklyn’s luxury market jumps back to life, led by $9M townhouse
Brooklyn’s luxury market jumps back to life, led by $9M townhouse
Loy Carlos with 36 East 68th St (Serhant, Getty)
Historic UES townhouse sells for nearly $60 million
Historic UES townhouse sells for nearly $60 million
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...